Growing geopolitical tensions and 'Trumpflation' have spurred a dramatic increase in safe haven demand, and the ongoing Bitcoin craze clearly proves it.
Bitcoin prices have more than doubled in the year-to-date, while those of its closest peer, Ethereum, are up an eye-popping 4,500 percent.
Yet, extreme volatility by digital currencies makes them a poor hedge against future uncertainties. Bitcoin has a downward deviation six times greater than gold's, making it extremely risky for use as currency.
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